Chugach Regional Resources

Analysis

Chugach Regional Resources is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in September 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Chugach Regional Resources reported income of $4.8m and spending of $4.5m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $4.8m (+291%), an average of +41% a year. The sharpest change came in the year to September 2021, when income rose by 164%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chugach Regional Resources sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within AK. Charities of a similar size with the same main cause include Friends of the Future ($4.8m), Community Action Partnership of Middle Alabama Inc ($4.8m) and East Texas A&m University Foundation ($4.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $4.3m against liabilities of $2.1m, net assets of $2.2m. It reported 26 employees.